1
Q
UK growth in 2024
A
1.1%
2
Q
UK growth pre GFC
A
2.5%
3
Q
Output gap
A
0.6%
4
Q
UK gap/capita
A
36,000
5
Q
total GDP
A
2.85 trillion
6
Q
Services share of economy
A
79%
7
Q
UK NRU
A
3.5-.8
8
Q
UK up rate
A
4.4
9
Q
UK employment rate
A
75.1%
10
Q
Economic inactivity
A
21.4%
11
Q
Wage growth
A
5.9%
12
Q
Youth UP
A
13.3
13
Q
deficit on the current account
A
2.6%
14
Q
minimum wage
A
12.21
15
Q
Deficit
A
4.8% GDP
137 Billion
(was up to 15% during covid)
16
Q
Nominal dept
A
95% GDP
17
Q
Bond yields
A
4.67%
18
Q
fiscal drag
A
45 billion by 2028
19
Q
size of tax burden
A
highest since 1940
20
Q
total amount of QE
A
895 bn reduced now to 652
21
Q
UK growth forecast
A
1.1% by IMF
22
Q
March inflation
A
2.6%
23
Q
highest inflation in 2022
A
11%
24
Q
bank rate
A
4.25 (cut from 4.5)
25
Cost of servicing dept
120bn year
26
Yield on govt bonds
4.6%
27
NICE decade
63
Macro Economics
flashcards
Decks in class (13)
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